This paper describes the core features of the power sector 1994 regulatory reform and evaluates utility performance and efficiency before and after the reform. The performance analysis assesses the changes in means and medians of a series of profitability, efficiency, investment, sales of the privatized power holdings. Technical efficiency is estimated through DEA technique in a sample of 33 power thermal-plants that account for 85% of the thermal park and 12 distribution utilities. The sample units are plants that were active before the reform and new entrants that started business operations after the reform. The main outcomes show that efficiency scores have improved after the reform and that regulatory policy has had a positive effect on technical efficiency in thermal power generation. In contrasts the less efficient power distributors got worsened after the reform and were not able to undertake plant restructuring in order to catch up productive efficiency with respect to the best practice production frontier

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31 páginas

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Recurso electrónico

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application/pdf

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eng

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Serie documentos de trabajo. Economía, No. 40

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https://ideas.repec.org/p/col/000091/003322.html

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instname:Universidad del Rosario

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reponame:Repositorio Institucional EdocUR

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instname:Universidad del Rosario

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Privatización

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Reestructuración industrial

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Sector eléctrico colombiano

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Reforma regulatoria

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338.476213

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Empresas eléctricas::Privatización

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Privatización de los servicios públicos::Colombia

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Privatización::Colombia

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Energía eléctrica::Colombia

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Performance and efficiency in Colombia's power utilities : an assessment of the 1994 reform